Tuesday , June 19, 2018

BIR files P80-M tax evasion raps vs 4 firms

THE Bureau of Internal Revenue (BIR) on Friday filed criminal complaints before the Department of Justice (DOJ) against four corporate taxpayers and their officials for violating tax laws.

Criminal complaints were filed against Ke Ti Coatings Inc. and its president Smith Chua for violating Sections 254 and 255 in relation to Section 253 (d) and 256 of the National Internal Revenue Code of 1997.

Ke Ti Coatings, a domestic corporation engaged in manufacturing goods such as paints and paint finishes located in Novaliches, Quezon City, was assessed deficiency tax liabilities of P916,310.

Separate criminal complaints were filed against Ban Goza Corporation and its president Jasper Laurence Chua; Hana Construction & Development Corporation and its president Conrado Mendoza; and PECC Construction & Industrial Corporation and its president Nicolas Esposado.

The aggregate amount of deficiency tax liabilities of the three firms for the taxable year 2010 was computed at P70.08 million.

The BIR-Quezon City said the respondents were served corresponding letters and subpoena allowing them to protest the said assessments, but to no avail, hence making the assessments "final, executory and demandable."

The BIR said, "The respondents' continued refusals to pay their long overdue tax deficiencies constitute willful failure to pay the taxes due to the government." (SunStar Philippines)